Malta-based sports betting supplier, Betby, has been granted its supplier licence by the Malta Gaming Authority (MGA), a key milestone for the company as it continues its expansion into new jurisdictions.
The Betting and Gaming Council (BGC) has urged the UK government to extend its novel coronavirus (Covid-19) furlough scheme to help safeguard jobs in the gambling industry and also protect historic casino venues.
US casino operator Full House Resorts has put a year-on-year increase in net loss for the first half of 2020 primarily down to the temporary closure of its brick-and-mortar properties due to the novel coronavirus (Covid-19) pandemic.
Japan’s Universal Entertainment Corporation has reported 24.9% year-on-year rise in sales for the first half of the year, with a significant rise in pachinko and pachislot machine sales offsetting a decline from its Philiippines integrated resort.
The Genting Singapore arm of Malaysian conglomerate Genting Group has reported a net loss of SGD$163.3m for the second quarter of 2020, following a sharp drop in revenue as its properties were closed amid the novel coronavirus (Covid-19) pandemic.
Casino operator Wynn Resorts has reported a net loss of $1.04bn for the first half of the year, after the novel coronavirus (Covid-19) pandemic forced the temporary closure of its venues in the US and Macau.
Gaming solutions giant Playtech expects earnings for the first half of 2020 to reach €160m, after a strong performance from its online and financials divisions helped offset novel coronavirus’ (Covid-19) disruption to retail and sports in the period.
UK industry body the Betting and Gaming Council (BGC) has hit out against the suggestion of what it called an “arbitrary and random” monthly deposit cap, suggested in a report from think tank the Social Market Foundation.